0000950170-24-019268.txt : 20240223
0000950170-24-019268.hdr.sgml : 20240223
20240223142108
ACCESSION NUMBER: 0000950170-24-019268
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240221
FILED AS OF DATE: 20240223
DATE AS OF CHANGE: 20240223
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ASH MENACHEM
CENTRAL INDEX KEY: 0001560958
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16371
FILM NUMBER: 24670126
MAIL ADDRESS:
STREET 1: C/O IDT CORPORATION
STREET 2: 520 BROAD STREET
CITY: NEWARK
STATE: NJ
ZIP: 07102
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: IDT CORP
CENTRAL INDEX KEY: 0001005731
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 223415036
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0731
BUSINESS ADDRESS:
STREET 1: 520 BROAD ST
CITY: NEWARK
STATE: NJ
ZIP: 07102
BUSINESS PHONE: 973 438 1000
MAIL ADDRESS:
STREET 1: 520 BROAD STREET
CITY: NEWARK
STATE: NJ
ZIP: 07102
4
1
ownership.xml
4
X0508
4
2024-02-21
0001005731
IDT CORP
IDT
0001560958
ASH MENACHEM
C/O IDT CORPORATION
520 BROAD STREET
NEWARK
NJ
07102
false
true
false
false
EVP of Strategic&Legal Affairs
false
Class B Common Stock, par value $.01 per share
2024-02-21
4
M
false
2293
35.625
A
60167
D
Class B Common Stock, par value $.01 per share
2024-02-21
4
F
false
829
35.625
D
59338
D
Class B Common Stock, $.01 par value per share
2873
I
By 401(k) Plan
Deferred Stock Units
2024-02-21
4
M
false
1667
0
D
Class B Common Stock
1667
4999
D
Of the 3,333 deferred stock units ("DSUs") that were eligible to vest on February 21, 2024, the Reporting Person elected to vest 1,667 DSUs on February 21, 2024 and to roll 1,666 DSUs to the next vesting date of February 25, 2025. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 21, 2024 vesting date, each DSU that vested entitled the Reporting Person to receive 1.375 shares of Class B common stock.
Consists of 15,205 shares of Class B common stock issued upon the vesting of DSUs, 28,962 fully vested restricted shares of the Issuer's Class B common stock ("Restricted Stock"), and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025.
Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs.
Consists of 14,376 shares of Class B common stock issued upon the vesting of DSUs, 28,962 fully vested shares of Restricted Stock, and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025.
As of January 31, 2024.
Represents 6,666 DSUs vesting ratably on 2/21/2024 and 2/25/2025, with the recipient having partially deferred vesting on 2/21/2024 to 2/25/2025. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. Upon vesting of all of the DSUs, between 3,333 and 13,332 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date.
Joyce J. Mason, by Power of Attorney
2024-02-23